Supreme Court removes 30% interest cap on credit card dues

Supreme Court removes 30% interest cap on credit card dues

The Supreme Court has removed the 30% cap on interest rates charged by banks for late credit card bi..

Rama Mohan Rao Amara appointed SBI MD

Rama Mohan Rao Amara appointed SBI MD

State Bank of India today said the government has appointed Rama Mohan Rao Amara as its managing dir..

RBI lifts restrictions on two Edelweiss Group companies

RBI lifts restrictions on two Edelweiss Group companies

The Reserve Bank of India (RBI) has lifted the business restrictions on two Edelweiss Group entities..

SBI-led panel to submit new list of large stressed accounts with banks for transfer to NCLT

SBI-led panel to submit new list of large stressed accounts with banks for transfer to NCLT

A committee under the State Bank of India (SBI) would examine and submit a fresh list of stressed ac..

RBI allows small finance banks to offer pre-sanctioned credit lines via UPI

RBI allows small finance banks to offer pre-sanctioned credit lines via UPI

The Reserve Bank of India has proposed to allow small finance banks (SFBs) to extend pre-sanctioned ..

RBI keeps repo rate unchanged, cuts CRR

RBI keeps repo rate unchanged, cuts CRR

In the battle between growth and inflation, the RBI-led monetary policy committee (MPC)has left the ..

98% of Rs 2,000 notes returned, Rs 6,839 cr still with public

98% of Rs 2,000 notes returned, Rs 6,839 cr still with public

Only Rs 6,839 crore worth of Rs 2,000 banknotes are still with the public. The Reserve Bank of India..

RBI cancels registration of Nagpur-based Zavron Finance

RBI cancels registration of Nagpur-based Zavron Finance

The Reserve Bank of India (RBI) has cancelled the certificate of registration of Nagpur-based Zavron..

Bank credit to industry at 8% in October

Bank credit to industry at 8% in October

Banks have seen a slower growth in personal loans while credit to industry and agriculture have gone..

RBL Bank, Bajaj Finance end credit card partnership

RBL Bank, Bajaj Finance end credit card partnership

RBL Bank and Bajaj Finance have ended their 8-year-old partnership to roll out co-branded credit car..

RBI cancels licence of Vijayawada-based co-operative bank

RBI cancels licence of Vijayawada-based co-operative bank

The Reserve Bank of India has cancelled the licence of Vijayawada-based Durga Co-operative Urban Ban..

ARCs need to standardise credit bureau reporting: RBI

ARCs need to standardise credit bureau reporting: RBI

The Reserve Bank of India has directed asset reconstruction companies (ARCs) to set up a standard op..

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank sells Rs 6,000 cr home loans to trim credit book

HDFC Bank has sold a housing loan portfolio of about Rs 6,000 crore ($717 million) as part of the ex..

Manian takes charge as Federal Bank head

Manian takes charge as Federal Bank head

KVS Manian has taken charge as the new managing director & CEO of Federal Bank, succeeding Shyam..

PNB credit card rolls out offers for Zomato, Blinkit users

PNB credit card rolls out offers for Zomato, Blinkit users

Punjab National Bank (PNB) has tied up with Zomato and Blinkit to offer exclusive discounts to their..